Project Director – 2 vacancies

The Financial Reporting Council (FRC)mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are the UK Competent Authority for audit.  We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk.

Regulatory Standards: The FRC’s Regulatory Standards Division is responsible for public and technical policy covering accountancy, audit, actuarial work and corporate governance and stewardship, for which we set regulatory codes and standards and develop guidance to drive high quality work in the public interest. The Division also includes the FRC Lab, which encourages high quality reporting through the development of best practice, and innovation more widely, and all of the FRC’s stakeholder engagement and communications work.

The Roles:

We are seeking two Project Directors to join the FRC’s Actuarial Policy Team. We are looking for Life Insurance and Pension Actuaries.

The successful candidates will work with the Director of Actuarial Policy and other Project Directors in the team to deliver the objectives in our annual strategy and plan.  This includes

• developing the technical actuarial standards in the UK,
• contributing to FRC’s transformation programme in respect of the actuarial regulations,
• and acting as the focal point for all policy issues on your sector of expertise. 

The latter includes providing actuarial expertise to the wider FRC such as actuarial aspects of audit quality review of insurance companies and enforcement cases.  The FRC is going through a period of significant and sustained change: this is an excellent opportunity to influence actuarial regulations and help shape the actuarial profession.  

The People:

The Project Director will

• possess strategic knowledge of, developments and issues affecting the actuarial profession, and
• having detailed knowledge of the standards and guidance issued by the IFoA to its members, and of the IFoA’s education, CPD, competence and disciplinary regimes.

The candidates are likely to be experienced Fellow of the IFoA, with some experience of regulation, supervision or research and/or a former practitioner, and are likely to have operated at a senior level in a consulting, in house, management or regulatory role. A strong understanding of what drives high quality actuarial work is key to this role.

The roles are based in our Central London Office (flexible arrangements, in particular during Covid 19, will be considered). The post holders should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary.

Rewards and benefits

• The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave
• The FRC has a strong work/ life balance ethos.

The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. Our values of being fair and independent supports this commitment. We're a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices. The form is completed on a voluntary basis and we strongly encourage all job applicants to complete it.

Complete the Diversity Form here

Please apply by emailing a copy of your CV and covering letter to the FRC Recruitment team at recruitment@frc.org.uk. In the covering letter, please set out, by reference to the person specification above, how you meet the required skillset

• confirm that you have the right to work in the UK
• confirm your current package and benefits, and
• tell us where you heard about this job

Please note that we can only accept applicants who have the right to work in the UK.